What Is Maximo KPI?

Business managers use Maximo to increase profits.

Maximo or IBM Maximo Asset Management is an asset-management software. The software is a strategic asset managment solution that uses the Key Performance Indicators of a business to create metrics that measure business asset performance. Business assets include ordering and shipping goods, employees work productivity and management efficiency.

KPI

Key Performance Indicators or KPI are used to measure the performance of a group, organization or individual. It is a common term used in business development and business management. KPI provides a series of measurements that are used by managers and investors to judge how the business is doing and estimate how it will perform over the course of a set period of time. KPI is used to give employees goals and work objectives that are meant to increase the success of the business.

Maximo KPI

Three KPI areas are presented in Maximo: a result set, a KPI Manager and KPI reports. Maximo KPI also has 13 pre-defined KPIs in its software that include Actual-to-Plan Variance, Mean Time to Fail and Preventive Maintenance Work Orders Overdue. The Maximo KPI Manager is an addition to the software, or an app that can be downloaded at IBM Support Online.

Maximo KPI Manager

The Maximo KPI Manager allows users to define new KPIs and track the business indicators over time with trend graphs. It is also used to monitor administrative and transactional processes like the number of work orders and the status of purchase orders. This allows them to manage asset or product deployment and vendor contracts.

Other Uses

Maximo Asset Management software allows the user to do long-term and short-term planning, as well as plan for preventive, re-active and condition-based asset management. The software will also manage schedules, plan to optimize resources and plan inventory orders to meet customer demand.

References

• AME Info.com: MRO Software adds new Advanced Performance Management Capabilities to MAXIMO 5
• On Tracks Consulting: Maximo’s Key Performance Indicators (KPIs) (pages 3,7,8)
• Main Innovation: Performance Management with Maximo (pages 3, 4, 6)
• IBM: Maximo Asset Management
• Ibis Associates: Key Performance Indicators